Quantitative Methods (International Business)

EENI- School of International Business

Syllabus of the Subject: Quantitative Methods applied to International Business


Bachelor's Degree in International Trade

The subject “Quantitative Methods applied to International Business” consists of three parts:

Part 1. Introduction to Quantitative Methods

Unit 1. Concept and content of statistics

  1. Concept and content of statistics
  2. Population and sample
  3. Statistical analysis: Descriptive statistics and statistical inference
  4. Data. Classification of data
  5. Business applications

Part 2. Descriptive analysis

Unit 2. Descriptive analysis of a variable

  1. Distribution of frequencies
  2. Graphical representation

Unit 3. Position Measures

  1. Position Measures of central tendency
  2. Properties of Position Measures of the central tendency
  3. Location measures: quartiles

Unit 4. Measures of dispersion, form and concentration

  1. Measures of dispersion
  2. Measures of form
  3. Concentration measures
  4. Standardised variable
  5. Exploratory data analysis
  6. International Business applications

Unit 5. Two-dimensional descriptive analysis

  1. Distributions of joint frequencies
  2. Conditioned distributions
  3. Statistical independence

Unit 6. Association between variables

  1. Scatter plot
  2. Linear association: covariance
  3. Pearson correlation coefficient
  4. Linear adjustment

Unit 7. Index numbers

  1. What are and what are the index numbers
  2. Calculation of index numbers. Laspeyres and Paasche
  3. Measures of inequality
  4. Change of base and link of series of index numbers
  5. Deflation value series

Unit 8. Time series

  1. Concept and graphic representation
  2. Components
  3. Analysis of trend
  4. Seasonal variations
  5. Rates of variation

Part 3. Practical applications

Unit 9. Application of statistics to foreign trade

  1. Main global statistical sources related to international business (WTO, WB, IMF, Development Banks, etc.)
  2. Techniques of analysis of the data obtained with spreadsheet

The objectives of the subject “Quantitative Methods applied to International Business” are:

  1. To provide students with the necessary knowledge to know how to collect, process and interpret data using statistical techniques
  2. To learn how to apply the different statistical techniques to the study of the international markets
  3. To know how to produce reports and works, with a certain quantitative basis
  4. To familiarise the student in the search for statistical information related to international business

Languages of study English or Spanish Métodos Cuantitativos French Methodes quantitatives Portuguese EENI.

  1. Credits of the subject “Quantitative Methods applied to International Business”: 6 ECTS
  2. Duration: six weeks

Sample of the subject - Quantitative Methods applied to International Business
Quantitative methods (International Trade)

Description of the Subject - Quantitative Methods applied to International Business

The word “statistic” comes from the word “state” because it was the primary function of the governments of the states to establish registers of population, births, deaths, etc. Nowadays most people understand by statistics the set of data, tables, and graphs, which are usually used to conclude things of interest.

At present, statistics are understood as a method for making decisions. Hence it is used in many studies such as those carried out in the field of international business.

There are computer programs (including spreadsheets) that allow us to process information for results that help to export and import companies to plan their business.

Main global statistical sources related to international business:

  1. United Nations
  2. Conference on Trade and Development
  3. International Trade Centre
  4. World Bank
  5. World Trade Organisation
  6. International Monetary Fund
  7. Organisation for Economic Cooperation and Development
  8. International Chamber of Commerce

Main African statistical sources related to International Business:

  1. African Development Bank
  2. United Nations Economic Commission for Africa
  3. African Union
  4. Arab Maghreb Union (AMU)
  5. Economic Community of West African States (ECOWAS)
  6. West African Economic and Monetary Union (WAEMU)
  7. Intergovernmental Authority on Development
  8. East African Community
  9. Common Market for Eastern and Southern Africa (COMESA)
  10. COMESA-EAC-SADC Tripartite
  11. Southern African Customs Union (SACU)
  12. Community of Sahel-Saharan States (CEN-SAD)
  13. Economic Community of Central African States
  14. Economic and Monetary Community of Central Africa (CEMAC)

Department of Trade (the African Union)

ECOWAS Socio-economic context

Main Asian statistical sources related to International Business:

  1. Asian Development Bank
  2. Economic and Social Commission for Asia and the Pacific (ESCAP)
  3. Association of Southeast Asian Nations (ASEAN)
  4. South Asian Association for Regional Cooperation (SAARC)
  5. Bay of Bengal Initiative (BIMSTEC)
  6. Shanghai Cooperation Organisation (SCO)
  7. Asian Clearing Union (ACU)
  8. Economic Cooperation Organisation (ECO)
  9. Asia-Pacific Economic Cooperation (APEC)
  10. Pacific Islands Forum (PIF)
  11. Oceania Customs Organisation (OCO)
  12. Indian-Ocean Rim Association (IORA)
  13. Eurasian Economic Community (EurAsEC)
  14. Eurasian Economic Union (EEU)

Main Latin American statistical sources related to International Business: 

  1. Organisation of American States (OAS)
  2. Inter-American Development Bank (IADB)
  3. Economic Commission for Latin America (ECLAC)
  4. Latin American Integration Association (ALADI)
  5. Union of South American Nations (UNASUR)
  6. Association of Caribbean States (ACS)


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